Jermaine Pennant has been declared bankrupt after racking up debts of more than £ 1 million.
The former Premier League star, 39, owes money to a string of creditors, including HMRC, banks, councils and utility companies.
He was given a one-year bankruptcy order at Birmingham county court
A source close to the star said: “He owes stacks of cash all over the place.
“His debts are into seven figures. “His debts to the taxman and banks are huge.
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“He has defaulted on mortgage payments and will likely have property repossessed.”
was taken to court by creditors after failing to settle a number of outstanding bills.
The star’s money troubles have been building.
His media company Jermaine Pennant Ltd was dissolved and struck off the company register in 2020.
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He set up the company to handle his pay from Celebrity Big Brother and TV appearances, but still managed to squander the savings.
He is not the first Arsenal player to go down the part, former Arsenal defender, Emmanuel Eboue also declared bankruptcy at a time, and required the help of the team and other to get the former Ivorian international back to his feet.
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